India embarked on the CBDC journey that it sees as a transformative catalyst reshaping financial inclusion, ensuring a safer and more affordable avenue for all individuals to engage in economic transactions.
The Reserve Bank of India (RBI) has recently announced the programmability and offline functionality of CBDC, and CBDC-R (Retail) will soon support offline transactions in areas with limited or no internet connection.
In order to get an understanding of the future course of CBDC, and dissect the nuances of the CBDC landscape, ETBFSI has convened together a panel of experts who would discuss and dissect the nuances of the CBDC landscape as part of ETBFSI’s prime series FinTech Diary.
The discussion will feature insights from key industry figures, including Ajay Rajan, Country Head, Government, Multinational & International Business, Transaction Banking & Knowledge Units, Yes Bank; Sameer Shetty, President & Head – Digital Business and Transformation, Axis Bank; Tanvi Ratna, Founder & CEO, Policy 4.0; and Susanta Dash, Deputy CTO, State Bank of India. The conversation will be moderated by Amol Dethe, Editor at ETBFSI & ETCFO.
Join the conversation on ETBFSI’s LinkedIn, Facebook, Twitter, and YouTube LIVE today i.e 21st of March from 02:00 PM to 3:00 PM.
The CBDC Retail (CBDC-R) pilot currently enables Person to Person (P2P) and Person to Merchant (P2M) transactions using Digital Rupee wallets provided by pilot banks.
A recent RBI notification in February proposed to enable additional use cases using programmability and offline functionality.
Explore the progress of CBDC pilot projects in India, recent CBDC-R enhancements, interoperability with UPI, barriers to widespread adoption, and more.
Follow the links below:
FinTech Diary LIVE: LinkedIn
FinTech Diary LIVE: Facebook
FinTech Diary LIVE: YouTube